Solar Street Light Penny Stock Under Rs 50 Bags Order Worth Rs 23,48,29,140 from Landsky Engineers Pvt Ltd
The stock has a PE of 11x whereas the industry PE is 30x and the stock is up by 13 per cent from its 52-week low of Rs 39 per share.
Vedavaag Ltd's wholly-owned subsidiary, Vedavag Common Service Centres Private Limited, has been awarded a significant domestic order valued at Rs 23,48,29,140 (including taxes) by Landsky Engineers Private Limited. This five-year contract entails providing support services for solar light systems, marking a substantial win for Vedavaag in the renewable energy sector.
Established in 1998 and holding ISO certifications, Vedavaag Systems Ltd is an IT sales and services provider with a broad range of offerings. Initially focused on e-governance, the company now delivers citizen services encompassing financial inclusion, LoT-based AI/ML solutions, retail, fintech, healthcare, and online education, partnering with major public sector entities across India. Its product and service portfolio includes driver monitoring (V-DAMS), women's safety solutions (ABHAYAM), patient monitoring (V-PAMS), financial inclusion services, PACS support, insurance, online education (VedaEdutech), PAN card services, and rural retail (VedaRetail).
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In addition to its diverse tech solutions and its recent venture into support services for solar light systems, Vedavaag can also provide solar street light solutions. Leveraging its LoT expertise and project execution capabilities, the company can offer comprehensive services for solar street lighting infrastructure, from supply to maintenance. This capability aligns with the national emphasis on sustainable energy and smart city initiatives, presenting a complementary growth area within the renewable energy sector for Vedavaag.
The company has a market cap of over Rs 100 crore. The stock has a PE of 11x whereas the industry PE is 30x and the stock is up by 13 per cent from its 52-week low of Rs 39 per share.
Disclaimer: The article is for informational purposes only and not investment advice.